MJP Associates Inc. ADV boosted its stake in Mastercard Incorporated (NYSE: MA – Get Rating) by 7.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,456 shares of the credit services provider’s stock after purchasing an additional 97 shares during the quarter. MJP Associates Inc. ADV’s holdings in Mastercard were worth $ 521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp raised its stake in Mastercard by 4.4% in the fourth quarter. State Street Corp now owns 35,528,530 shares of the credit services provider’s stock valued at $ 12,766,111,000 after purchasing an additional 1,511,927 shares in the last quarter. Geode Capital Management LLC raised its stake in Mastercard by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 15,148,167 shares of the credit services provider’s stock valued at $ 5,429,311,000 after purchasing an additional 421,767 shares in the last quarter. Capital International Investors raised its stake in Mastercard by 8.5% in the fourth quarter. Capital International Investors now owns 14,789,616 shares of the credit services provider’s stock valued at $ 5,314,216,000 after purchasing an additional 1,160,809 shares in the last quarter. Norges Bank purchased a new stake in Mastercard in the fourth quarter valued at approximately $ 3,107,220,000. Finally, Brown Advisory Inc. raised its stake in shares of Mastercard by 27.2% during the fourth quarter. Brown Advisory Inc. now owns 5,587,241 shares of the credit services provider’s stock worth $ 2,007,608,000 after acquiring an additional 1,195,525 shares in the last quarter. 74.94% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Raj Seshadri sold 7,000 shares of the company stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $ 367.68, for a total transaction of $ 2,573,760.00. Following the completion of the sale, the insider now owns 10,439 shares of the company stock, valued at approximately $ 3,838,211.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 106,326 shares of the company stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $ 327.74, for a total transaction of $ 34,847,283.24. Following the sale, the insider now directly owns 103,841,972 shares of the company stock, valued at approximately $ 34,033,167,903.28. The disclosure for this sale can be found here. In the last three months, insiders sold 325,982 shares of company stock valued at $ 107,912,260. 0.33% of the stock is owned by insiders.
MA opened at $ 328.83 on Tuesday. The stock has a 50-day moving average price of $ 343.03 and a 200-day moving average price of $ 352.86. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $ 319.84 billion, a PE ratio of 34.22, a P / E / G ratio of 1.56 and a beta of 1.01. Mastercard Incorporated has a 1 year low of $ 303.65 and a 1 year high of $ 399.92.
Mastercard (NYSE: MA – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The credit services provider reported $ 2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 2.17 by $ 0.59. The firm had revenue of $ 5.17 billion during the quarter, compared to analyst estimates of $ 4.90 billion. Mastercard had a return on equity of 133.72% and a net margin of 47.70%. Mastercard’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $ 1.74 EPS. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 10.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 9th. Shareholders of record on Friday, July 8th will be given a $ 0.49 dividend. This represents a $ 1.96 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, July 7th. Mastercard’s dividend payout ratio (DPR) is 20.40%.
Several research analysts have commented on MA shares. Morgan Stanley decreased their price target on Mastercard shares from $ 449.00 to $ 442.00 and set an “overweight” rating on the stock in a research note on Thursday, April 21st. Piper Sandler downgraded shares of Mastercard from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $ 360.00 to $ 357.00 in a research note on Friday, April 29th. Bank of America decreased their price target on shares of Mastercard from $ 416.00 to $ 402.00 and set a “buy” rating on the stock in a research note on Monday, April 18th. The Goldman Sachs Group assumed coverage on Mastercard shares in a report on Tuesday, May 17th. They issued a “buy” rating and a $ 460.00 target price on the stock. Finally, Citigroup cut their target price on shares of Mastercard from $ 445.00 to $ 435.00 in a report on Monday, April 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $ 422.94.
About Mastercard: (Get Rating)
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.
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